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    Principles of Economics Study Set 4
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    Exam 7: Efficiency, Exchange, and the Invisible Hand in Action
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    Explicit Costs
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Explicit Costs

Question 22

Question 22

Multiple Choice

Explicit costs:


A) are the only costs that matter to business owners.
B) usually exceed implicit costs.
C) are difficult to measure.
D) appear on the firm's balance sheet.

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